NEWS --
POMPANO BEACH, Fla., Jun 15, 2010 (BUSINESS WIRE) -- Cyclone Power Technologies (Pink Sheets: CYPW) announced today that it has named Bruce Schames as its Chief Financial Officer.
Mr. Schames, a CPA since 1971, has been working with the Company as its outside
accountant since 2008. Since 2001, he has represented both public and private
clients, handling matters of financial statement preparation, SEC audits,
general accounting supervision, operations review, systems development, and tax
planning and compliance reporting. Prior to that, Mr. Schames served as CFO of
East Coast Beverage Corp. (OTCBB: ECBV), and Medcom USA (NASDAQ: EMED), and
Financial Reporting Manager for Dole Fresh Fruit Co.
"We are very pleased to bring Bruce on board," stated Frankie Fruge, COO and
Director of Cyclone. "Bruce has already provided substantial value to our
company and we expect his experience and guidance to be essential as we file our
initial disclosure statements with the Securities and Exchange Commission and
work towards moving our stock to a national exchange."
CORPORATE PROFILE
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine
-- an eco-friendly external combustion engine with the power and versatility to
run everything from portable electric generators and garden equipment to cars,
trucks and locomotives. Invented by company founder and CEO Harry Schoell, the
patented Cyclone Engine is a modern day steam engine, ingeniously designed to
achieve high thermal efficiencies through a compact heat-regenerative process,
and to run on virtually any fuel - including bio-diesels, syngas or solar -
while emitting fewer greenhouse gases and irritating pollutants into the air.
Currently in its late stages of development, the Cyclone Engine was recognized
by Popular Science Magazine as the Invention of the Year for 2008, and was
presented with the Society of Automotive Engineers' AEI Tech Award in 2006 and
2008. Additionally, Cyclone was recently named Environmental Business of the
Year by the Broward County Environmental Protection Department. For more
information, visit www.cyclonepower.com.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. The company cautions that
these forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any statements in
this release, whether as a result of new information, future events or
otherwise.
SOURCE: Cyclone Power Technologies
CONTACT:
Cyclone Power Technologies
Media Contact:
Will Wellons, 407-462-2718
will@redletterpr.com
or
Company Contact:
Frankie Fruge, 954-943-8721
Frankie@cyclonepower.com
Copyright Business Wire 2010
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KEYWORD: United States
North America
Florida
INDUSTRY KEYWORD: Energy
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& nbsp; Other Manufacturing
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SUBJECT CODE: Personnel
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